Introduction Air Asia Air Asia was established in 1993 and commenced operation on 18 November 1996. Executive of Tune Air Sdn Bhd company‚ Tony Fernandes‚ and also known as a former of Time Warner had purchased from the ownership of HICOM Holding Sdn Bhd for the token sum of only RM1‚ and with only 2 Boeing 737-300 aircraft together with RM40 million in debt. The main nature of business of Air Asia is low-cost airline carrier. Air Asia is the largest low-fare airline company and a pioneer of low
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Executive Summary Our research on Padini Holdings Berhad reveals its overall position and history in the retail industry since 1971 as well as its vision and mission established to the accomplishment of their corporate goals. On top of that‚ the financial and strategic objectives set by the management to meet its goals are also outlined in the body of the report. Through the analysis of the financial statements‚ the liquidity position of the group can be gauged by using a number of measures
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During 2005‚ Encik Selamat‚ a Certified Public Accountant (CPA)‚ was transferred from another subsidiary of PCK Holding‚ which dealt in the business of transportation to poultry and meat business‚ Excel Poultry and Meat Sdn Bhd (EPM). En Selamat was initially reluctant to accept the position as he lack of expertise in poultry and meat industry. However‚ later‚ he accepts and undertakes the position of General Manager in EPM as a new challenge to him. For the first three (3) years‚ he managed to handle
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1965 requires that the financial years of subsidiary companies must coincide with the financial year of the holding company. • In the case of a new subsidiary acquired or established‚ the Section permits different financial years‚ provided that: (i) within two years after it becomes a subsidiary of the holding company‚ its financial year must coincide with the financial year of the holding company; and (ii) approval has been obtained from the Commissioner of Companies authorizing any subsidiary to
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of the Companies Act 1965. A company’s obligation and liabilities are its own‚ and not those of its participants. Creditors of the company cannot ask the member of the company to pay the debt because a company is separate entities. In Fair Schools Bhd. v Indrani Rajaratnam & Ors (1998) 1 CLJ 285‚ shareholders of the limited companies are not exposed to unlimited liability for the company’s debt. A company can sue and be sued in its own name. It may enforce rights by suing or incur liabilities
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exhibitions for all trade and consumers businesses in Asia. KL 21st Spring Edition Wedding EXPO is on 23 to 25 January 2015 (Friday to Sunday) from 11am to 9pm. The venue is at Mid Valley Exhibition Centre (Exhibition Halls). (Sphere Exhibits Malaysia Sdn Bhd‚ 2015) 2. S.W.O.T analysis Strengths Free admission Beautiful decorations Clear Signage Involve many different kinds of booth. Exp: Restaurant‚ Hotel Performance Rubbish bin and fire extinguisher are at every corner Weaknesses Arrangement of booth
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Malayan Law Journal Unreported/2010/Volume /Affin Bank Berhad v Precision Tube Product (Malaysia) Sdn Bhd & Ors - [2010] MLJU 119 - 9 February 2010 [2010] MLJU 119 Affin Bank Berhad v Precision Tube Product (Malaysia) Sdn Bhd & Ors HIGH COURT (JOHOR BAHRU) VERNON ONG LAM KIAT‚ JC GUAMAN NO (MT-1) 22-313-2005 9 February 2010 Sivapakiam Krishnan (H. M. J. Shaharom & K. S. Wee) for the plaintiff Ng Chew Hor (Ng. Fan & Associates) for the fourth defendant Vernon Ong Lam Kiat‚ JC GROUNDS OF JUDGMENT
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DEFINITION OF WINDING UP OF A COMPANY Winding up or liquidation of a company is the ending of a company’s life; its property administered for the benefit of its creditors and members. At the end of the winding-up‚ the company will be dissolved. There are two main types of winding up: compulsory‚ under and order of the court; and voluntary‚ under resolution of the company. VOLUNTARY WINDING UP In a voluntary winding-up‚ the members of the company have passed a resolution to wind-up the company
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Batu Pahat‚ Johor. Six strategy branches were set in Kelantan‚ Kuala Lumpur‚ Ipoh‚ Butterworth‚ Kedah and Kuantan. It is a subsidiary of HSB Group Sdn Bhd. The main customers of the company are from the various categories of hypermarkets‚ supermarkets‚ wholesalers‚ mini markets‚ medical halls‚ sundry shops and others. Hup Seng is an investment holding company engages in the manufacture and sale of biscuits and coffee mix. Its products include cream crackers‚ crackers‚ marie biscuits‚ sandwiches‚ cookies
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nation’s road to industrialisation. In year 2000‚ DRB-HICOM formerly known as Diversified Resources Berhad undertook the merger of four listed companies within its stable namely‚ DRB-HICOM‚ Gadek‚ (Malaysia) Berhad‚ Gadek Capital Berhad and HICOM Holdings Berhad (“HICOM”) with an aggregate market capitalization in excess of RM6.0 billion. HICOM had been instrumental in leading the nation’s drive towards industrialisation and among its major achievements was the development of the National Car Project
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